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BNB Price Lags Below $700 Level — On-Chain Data Signals Dwindling Buy Pressure

  • BNB price has shown volatility, struggling to surpass the $700 level after breaking the $600 mark in early May.
  • On-chain data indicates whales are influencing BNB price, with significant bearish sentiment compared to retail investors.
  • Buy pressure for BNB has decreased, suggesting potential aggressive short-term volatility and a likelihood of downward movement in price.
  • As of now, BNB's price is around $670, showing a 2% decline in the last 24 hours, while still up by nearly 3% in the past week.

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